Are you a Prime or Subcontract doing business or hoping to do business with the government?
Well, there are several important checklists you should have in your Tool Chest, alongside the tools we provide. There are others, but we must start somewhere. And they’re free!
Really Free? Well, since your tax dollars paid for them, “technically” they aren’t free!
I just don’t want you paying for things through other sites that are available to you at no cost. However, the time and cost incurred in researching, finding, and getting the information to you in a timely way should be considered.
Most contractors will still benefit from additional support or guidance on many of the areas of the checklists. However, I have found that for those contractors familiar with the checklists, the cost of guidance and consultation is significantly less than those without this familiarity.
You’ve got to be prepared as best you can. Not to mention your anxiety level should go down because you are not walking in complete darkness.
Below are the Checklists and where you can find them.
Checklists & Tools
DCAA auditors are required to have adequate contractor proposals/submissions prior to starting an audit. Contracting officers and Contractors can use the links below to access the same checklists that DCAA auditors use to assess adequacy. In addition, contractors can access DCAA’s ICE model and EZ Quant applications.
- Preaward Accounting System Adequacy Checklist: This checklist is used for contractors new to government contracting that have cost reimbursement contracts, or for contractors that are receiving progress payments based on cost. The checklist assesses whether the requirements for an adequate accounting system have been met.
- Contract Pricing Proposal Adequacy Checklist: This checklist is used for assessing the adequacy of a contract price proposal in accordance with the FAR. The checklist assesses the adequacy of cost or pricing data.
- Forward Pricing Rate Proposal Adequacy Checklist: Used primarily at large contractors, this checklist assesses the adequacy of direct and indirect forward pricing rates.
- Incurred Cost Submission Adequacy Checklist: This checklist is used for assessing the adequacy of final direct and indirect incurred costs to ensure compliance with the contractual requirements under FAR.
- Cost of Money Rates: Rates that Federal agencies are required to use under the Renegotiation Act of 1971 (P.L. 92-41).
- ICE (Incurred Cost Electronically) Model: The ICE model (the electronic version of "Model Incurred Cost Proposal") assists Contractors in preparing adequate Incurred Cost Proposals.
- EZ-Quant Applications: EZ-Quant is a suite of three statistical applications for performing statistical sampling, regression analysis, and improvement curve analysis.
Important Note - Please Remember, auditors are restricted in what they can say and how they can assist, so regularly visit your online contractor community here, use the search option using keywords, and take advantage of the numerous articles, inquiries & responses, and even inspirational notes. Your colleagues and competition visit all the time!
The checklist provide abbreviated guidance. We provide additional practical guidance through 2 Key Tools developed specifically for you. What are the 2 Tools? (1) the Cost and Pricing DVD and (2) the Accounting (Contract) Policy Manual Template.
These tools were developed For You because we know sooner or later you will need them and will be glad you have them. And you only have to get these Tools Once.